Bloomberg Television
@markets·3.2M subscribers·95.6K videos
Surging Inflation Offers Gold Little Support
Posted
August 2, 2022
Views
1,544
Likes
23
Comments
5
Engagement
1.81%
August 2, 2022
1,544
23
5
1.81%
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1:17Now PlayingSurging inflation has offered little support to gold prices. As the US CPI climbed to a 40year high in July, gold prices tumbled 19% from their March alltime high in defiance of expectations that the precious metal would begin to exercise its vaunted ‘hedging' function. What’s keeping the gold hedges in check? Presented by @cmegroup
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